On the sluggish response of prices to money in an inventory-theoretic model of money demand:
We exposit the link between money, velocity and prices in an inventory-theoretic model of the demand for money and explore the extent to which such a model can account for the short-run volatility of velocity, the negative correlation of velocity and the ratio of money to consumption, and the result...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass.
National Bureau of Economic Research
2003
|
| Schriftenreihe: | Working paper series / National Bureau of Economic Research
10016 |
| Online-Zugang: | Volltext |
| Zusammenfassung: | We exposit the link between money, velocity and prices in an inventory-theoretic model of the demand for money and explore the extent to which such a model can account for the short-run volatility of velocity, the negative correlation of velocity and the ratio of money to consumption, and the resulting stickiness' of the aggregate price level relative to a benchmark model with constant velocity. We find that an inventory-theoretic model of the demand for money is a natural framework for understanding these aspects of the dynamics of money, velocity and prices in the short run. |
| Beschreibung: | 33, [12] S. graph, Darst. 22 cm |
Internformat
MARC
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| 100 | 1 | |a Alvarez, Fernando |d 1964- |e Verfasser |0 (DE-588)12855178X |4 aut | |
| 245 | 1 | 0 | |a On the sluggish response of prices to money in an inventory-theoretic model of money demand |c Fernando Alvarez ; Andrew Atkeson ; Chris Edmond |
| 264 | 1 | |a Cambridge, Mass. |b National Bureau of Economic Research |c 2003 | |
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| 490 | 1 | |a Working paper series / National Bureau of Economic Research |v 10016 | |
| 520 | |a We exposit the link between money, velocity and prices in an inventory-theoretic model of the demand for money and explore the extent to which such a model can account for the short-run volatility of velocity, the negative correlation of velocity and the ratio of money to consumption, and the resulting stickiness' of the aggregate price level relative to a benchmark model with constant velocity. We find that an inventory-theoretic model of the demand for money is a natural framework for understanding these aspects of the dynamics of money, velocity and prices in the short run. | ||
| 700 | 1 | |a Atkeson, Andrew |d 1961- |e Verfasser |0 (DE-588)128378166 |4 aut | |
| 700 | 1 | |a Edmond, Chris |e Verfasser |4 aut | |
| 776 | 0 | 8 | |i Erscheint auch als |n Online-Ausgabe |
| 810 | 2 | |a National Bureau of Economic Research <Cambridge, Mass.> |t NBER working paper series |v 10016 |w (DE-604)BV002801238 |9 10016 | |
| 856 | 4 | 1 | |u http://papers.nber.org/papers/w10016.pdf |z kostenfrei |3 Volltext |
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Datensatz im Suchindex
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| author | Alvarez, Fernando 1964- Atkeson, Andrew 1961- Edmond, Chris |
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| bvnumber | BV023590319 |
| ctrlnum | (OCoLC)249579644 (DE-599)BVBBV023590319 |
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| id | DE-604.BV023590319 |
| illustrated | Not Illustrated |
| index_date | 2024-07-02T22:41:26Z |
| indexdate | 2024-07-09T21:25:08Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016905649 |
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| physical | 33, [12] S. graph, Darst. 22 cm |
| publishDate | 2003 |
| publishDateSearch | 2003 |
| publishDateSort | 2003 |
| publisher | National Bureau of Economic Research |
| record_format | marc |
| series2 | Working paper series / National Bureau of Economic Research |
| spelling | Alvarez, Fernando 1964- Verfasser (DE-588)12855178X aut On the sluggish response of prices to money in an inventory-theoretic model of money demand Fernando Alvarez ; Andrew Atkeson ; Chris Edmond Cambridge, Mass. National Bureau of Economic Research 2003 33, [12] S. graph, Darst. 22 cm txt rdacontent n rdamedia nc rdacarrier Working paper series / National Bureau of Economic Research 10016 We exposit the link between money, velocity and prices in an inventory-theoretic model of the demand for money and explore the extent to which such a model can account for the short-run volatility of velocity, the negative correlation of velocity and the ratio of money to consumption, and the resulting stickiness' of the aggregate price level relative to a benchmark model with constant velocity. We find that an inventory-theoretic model of the demand for money is a natural framework for understanding these aspects of the dynamics of money, velocity and prices in the short run. Atkeson, Andrew 1961- Verfasser (DE-588)128378166 aut Edmond, Chris Verfasser aut Erscheint auch als Online-Ausgabe National Bureau of Economic Research <Cambridge, Mass.> NBER working paper series 10016 (DE-604)BV002801238 10016 http://papers.nber.org/papers/w10016.pdf kostenfrei Volltext |
| spellingShingle | Alvarez, Fernando 1964- Atkeson, Andrew 1961- Edmond, Chris On the sluggish response of prices to money in an inventory-theoretic model of money demand |
| title | On the sluggish response of prices to money in an inventory-theoretic model of money demand |
| title_auth | On the sluggish response of prices to money in an inventory-theoretic model of money demand |
| title_exact_search | On the sluggish response of prices to money in an inventory-theoretic model of money demand |
| title_exact_search_txtP | On the sluggish response of prices to money in an inventory-theoretic model of money demand |
| title_full | On the sluggish response of prices to money in an inventory-theoretic model of money demand Fernando Alvarez ; Andrew Atkeson ; Chris Edmond |
| title_fullStr | On the sluggish response of prices to money in an inventory-theoretic model of money demand Fernando Alvarez ; Andrew Atkeson ; Chris Edmond |
| title_full_unstemmed | On the sluggish response of prices to money in an inventory-theoretic model of money demand Fernando Alvarez ; Andrew Atkeson ; Chris Edmond |
| title_short | On the sluggish response of prices to money in an inventory-theoretic model of money demand |
| title_sort | on the sluggish response of prices to money in an inventory theoretic model of money demand |
| url | http://papers.nber.org/papers/w10016.pdf |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT alvarezfernando onthesluggishresponseofpricestomoneyinaninventorytheoreticmodelofmoneydemand AT atkesonandrew onthesluggishresponseofpricestomoneyinaninventorytheoreticmodelofmoneydemand AT edmondchris onthesluggishresponseofpricestomoneyinaninventorytheoreticmodelofmoneydemand |